Global Helium Market 2016-2020
Helium is the second most abundant element in the universe after hydrogen, but is still relatively sparse on earth. Helium is usually extracted along with natural gas, wherein the concentration of the former varies between .03%-0.80%. Gas fields with less than 0.1% concentration are often termed as poor reserves. Some fields in Russia and Siberia are said to have helium reserves in concentrations up to 0.8%.
Technavio’s analysts forecast the global market for helium to grow at a CAGR of 8.52% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global helium market for the period 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of helium in various applications.
The market is divided into the following segments based on application:
Technavio Announces the Publication of its Research Report – Global Helium Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Helium Market: Airgas, Air Liquide, Linde, Messer Group and Praxair
Other Prominent Vendors in the market are: Air Products, Buzwair, Gazprom, Gulf Cryo, Iceblick, Iwatani, Ras Gas, and Taiyo Nippon Sanso.
Commenting on the report, an analyst from Technavio’s team said: “There has been a series of innovations on the front of packaging, wherein metal packaging is being replaced by composite materials made of plastic or aluminum. These cylinders offer immense benefits in terms of energy savings on account of their lightweight nature without any compromise on safety.”
According to the report, global industrial growth is one of the major drives in the market. There has been continuous expansion in global manufacturing output over the past five years. The industrial growth is driven by rising demand for investment goods, intermediate goods, and consumer goods, particularly, driven in the high-growth economies of China, India, Brazil, South Africa, and Indonesia.
Further, the report states that the primary challenge to the vendors in the noble gas market is handling the profit margins in view of volatile price fluctuations and the rising cost of production.
Airgas, Air Liquide, Linde, Messer Group, Praxair, Air Products, Buzwair, Gazprom, Gulf Cryo, Iceblick, Iwatani, Ras Gas, Taiyo Nippon Sanso.
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